A Mavent Compliance Report is automatically run at certain milestones throughout the loan. It should also be run as a cross check to see if there are any fees/compliance issues that need to be fixed prior to issuing prior to issuing the initial disclosures to the Borrower(s).
Click the hyperlink above to view some of the most common Mavent Fails and how to fix them.
A red FAIL or ERROR finding on the Mavent Compliance report will need to be fixed prior to moving onto the next step in the loan process. An alert in the Alerts/Messages tab in FT360 will also read that the compliance report "Did Not Pass". If you receive messaging other than a Fail, Error or Did Not Pass, you are ok to proceed (i.e. Warning is ok).